Square Mile Energy recorded a decrease of 4.05% in total oil and gas production to 6,983.88 boe/d in August 2021 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Square Mile Energy grew 77.03% in August 2021 from 3,945.01 boe/d in August 2020.
On a YTD basis, the company’s total oil and gas production increased by 54.87% from the same period in 2020.
The company’s oil production declined 9.85% to 1,297.1 bd in August 2021 from the previous month, while gas production declined by 3.64% to 29.67 mmcf/d. On a YTD basis, oil production increased by 177.43% in 2021 when compared with the same period in 2020, while gas production rose by 45.43%. Out of the total oil and gas production in August 2021, oil production held an 18.57% share, while gas production held a 73.25% share.
Looking at the states where Square Mile Energy recorded the highest oil and gas production in August 2021, Louisiana figured at the top, accounting for an 87.86% share. The company produced 3,717.69 boe/d in the state in August 2021, a decrease of 9.19% from the previous month.
On a YTD basis, the company produced 34,616.54 boe/d in Louisiana in 2021, recording a decrease of 8.1% from the same period in 2020.
Square Mile Energy witnessed the highest oil and gas production in Lafourche county in August 2021. Out of all the counties, Lafourche county held a share of 48.24% for the firm. The company produced 3,369.19 boe/d in Lafourche county in August 2021, a decrease of 8.41% in production when compared with the previous month.
On a YTD basis, the county produced 30,638.62 boe/d for the company in 2021, a 124.55% increase from the same period in 2020.
Methodology
All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.
GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.